FEDRAC MIN 01-26-2010V UF
Federal Wa
�.ity Counci�
SUMMARY
onal Affairs Committee
CommitFee Members in Attendance: Committee Chair Mike Park and Committee Member
Jeanne Burbidge.
Councilmembers in Attendance: Mayor Linda Kochmar and Deputy Mayor Dini Duclos.
Staff Members in Attendance: City Manager Brian Wilson, Financial Services Administrator Bryant
Enge, City Attorney Pat Richardson, Finance Director Tho Kraus, Communications and
Government Affairs Manager Linda Farmer, Director of Economic Development Patrick Doherty
and City Clerk Carol McNeilly.
1. CALL TO ORDER: CommitFee Chair Park called the meeting to order at 5:30 pm.
Chair Park excused CommitFee Member povey.
2. PUBUG COMMENT: None
3. COMMITTEE BUSINESS:
Topic Title/Description
A Approval of Minutes: December 22, 2010
Motion and second to approve the minutes as presented. Motion carried 2-0.
B Legislative Report:' November & December 2009 Information
State Legislative Report: City Lobbyist Doug Levy reported the legislation that would oniy *
extend funding for King County Tax Money is House Bill 2912. Senate Bill bbblwill be
heard this week. The Seattle Times will have an article in tomorrow's paper
regarding possible Stormwater taxing. Auto Theft Funding has been preserved so
far, there will be additional meetings this week on this item as well. There may be
$1 OOm available for small, shovel ready transportation projects. There also are funds
available through PSRC, the deadline is February 3, 2010.
Federal Legislative Report: Communications and Government Affairs Manager
Linda Farmer stated she met with our federal Lobbyist and they strategized for PAC
Funding. She has been working with staff to try and secure funding for the City's
Triangle Project. The dates for this years Lobbying trip to Washington DC.
March 3- 5, 2010.
C Medical Device Incubator 2�2��0
Economic Development Director Patrick Doherty stated representatives from councii
Consent
COMMITTEE MEMBERS: CITY STAFP
Mike Park, Chair Bryant Enge, Financial Services Adminisirator
Jeanne Burbidge Carol McNeilly, City Clerk
Jack Dovey 253.835.2540
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Enterprise Seattle were present to give a brief presentation on Phase I of this project.
Bruce Jackson stated the goal of phase I was to analyze data to determine the
feasibility of a medical device incubator in Federal Way. They formed and advisory
committee that included 2 councilmember's as well as other community leaders.
They conducted an economic study, attended a medical device convention and
surveyed local medical workers. The review of the data collected determined that
a medical incubator would be s�ccessful in the community.
Mr. Jackson stated phase 2 focuses on plan development and securing funding.
This phase is estimated to take 6 months. The City is being asked to contribute $245k
to aid in the phase. If approved, the funding would require an amendment to
Resolution 05-460 to allow expenditure from the City Center Redevelopment Fund.
Staff provided a draft resolution for committee review. The committee provided
staff with edits to the resolution.
Motion and second to forward to the February 2, 2010 City Council meeting for
approvql. Motion carried 2-0.
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D 2010 Sister City/ Economic Development Trip information
Director of Economic Development Patrick Doherty stated the trip will take place in on�y*
April 2010, and will include marketing efforfs for the Cities downtown area. Costs
associated with the marketing of the event would come from the City Center
Redevelopment Fund.
There is approximately $4,000 in the budget for the travel; however, a$6,000 carry
forward is being proposed and will be presented to Council in February.
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Approval of Vouchers Action
Motion and second to approve the vouchers and forward to the February 2, 2010 2�2�io
Councit
City Council Meeting Moti carried 2 consent
� �_��� �� ������*Handouts/additional information may be distributed at the meeting.
4. OTHER:
Valley Communications: Financial Services Administrator Bryant Enge reported the bonds for
this project would be refunded, which equals a savings of $389k over next five-years. The city's
portion of that savings will be $77k over five-years.
The December monthly financial report will come to FEDRAC in February along with the year-end
carry-forward requests.
5. FUTURE AGENDA ITEMS
6. NEXT MEETING: Tuesday, February 23, 2010
7. ADJOURN: Chair Park adjourned the meeting at 6:25 pm.
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Attest:
Carol McNeilly, ity lerk
COMMIITEE APPROVA •
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Comm' e ar Committee M�mber Committee Member